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Shiba Inu

Shiba Inu coin was created anonymously in August 2020 under the pseudonym "Ryoshi." According to its whitepaper, Shiba Inu was created with the intention of creating a "100% community-led" cryptocurrency. Shiba Inu aims to be the Ethereum-based counterpart to Dogecoin's Srypt-based mining algorithm. Shiba Inu is widely considered to be a "memecoin" due to its high volatility and network effect, driven by influential commentators like Tesla CEO Elon Musk.

The cryptocurrency Shiba Inu was created in August 2020 by an anonymous person known as "Ryoshi."

Shiba Inu aims to be a 100% community-led, decentralized cryptocurrency which seeks complete independence from centralized authorities and takes pride in that it was not founded from an existing community. 

SHIB exists on the Ethereum blockchain because Ryoshi viewed it as a well-established, secure, and decentralized network that would allow the Shiba Inu project to be developed with zero outside regulation. 

Shiba Inu aims to be the Ethereum-based counterpart to Dogecoin’s Scrypt-based mining algorithm. 

When SHIB was created, 1 quadrillion tokens were minted. SHIB’s founder sent 50% of the total supply to Ethereum co-founder Vitalik Buterin, who then burned 90% of his holdings by sending the tokens to a dead blockchain address. Buterin said he’d donate the remaining 10% to charity. 

The remaining supply, which wasn’t sent to Buterin, is locked in Uniswap, which is a decentralized finance protocol used to exchange cryptocurrencies. 

The Shiba Inu community considers the crypto to be a "Dogecoin Killer" because it has the ability to top its memecoin rival's market cap without ever crossing the $0.01 mark. 

Shiba Inu is widely considered to be a memecoin due to its high volatility and potential risk, as well as its network effect, driven by influential commentators like Tesla CEO Elon Musk.

Shiba Inu (CRYPTO: SHIB) has dropped over 10% over the last seven days, as the popular memecoin witnesses declining transaction activity and dropping burn rates. Following the drop, the Shib team is taking steps to boost transaction activity.

Dogecoin Rival Shiba Inu Tanks Over 10% In Past Week: Here's What Shib Team Encourages Investors To Do

Self-proclaimed ‘Dogecoin (CRYPTO: DOGE) killer' Shiba Inu (CRYPTO: SHIB) experienced a dramatic surge in its token burn rate, skyrocketing over 2500% in a single day. What Happened: The surge comes as 53.29 million SHIB tokens were permanently withdrawn from circulation.

'Dogecoin Killer' Shiba Inu Burn Rate Surges 2,500%: Analyst Says Meme Coin Set For Price Change After Spot Bitcoin ETF Announcement

Shiba Inu (SHIB) price rises after its previous decline and reaches a low of $0.00000833. SHIB price analysis by Coinidol.com.

Shiba Inu Is Stuck In A Range And Reaches A Low Of $0.00000833

The 2024 prospects for Shiba Inu (CRYPTO: SHIB) appear cautiously optimistic, influenced by an uptick in daily transactions and an increasing burn rate. What Happened: In a recent tweet, the official page for Shib stated “2024: make Shibarium great.

Dogecoin Killer Shiba Inu Burn Rate Surges 373%, Trader Says SHIB 'Could Explode' To 1 Cent 'And Leave People Behind'

Self-proclaimed ‘Dogecoin (CRYPTO: DOGE) killer' Shiba Inu (CRYPTO: SHIB) has seen its token burn rate skyrocket by over 300% over 24 hours. What Happened: This increase comes as over 12.46 million SHIB tokens were yielded up, and permanently withdrawn from circulation.

'Dogecoin Killer' Shiba Inu Burn Rate Spikes 300% As 300M SHIB Permanently Destroyed In A Single Day

The price of Shiba Inu (SHIB) has fallen above the 21-day SMA. Price analysis by Coinidol.com.

Shiba Inu Is In Danger Of Losing Its $0.00001000 Support

Bitcoin

Dogecoin

Cryptocurrency markets are significantly influenced by social media, where numerous users are crypto analysts, experts, and traders. As we approach the new year, let's explore the perspectives of several prominent X users with millions of followers on the future of crypto.

2024 Crypto Outlook: Influencers Optimistic On Bitcoin ETF, Shibarium, And Dogecoin

Ethereum-based crypto Shiba Inu (CRYPTO: SHIB) reported significant whale movements while the community is also burning the token. What Happened: Based on Whale Alert data, Shiba Inu witnessed a significant 4.25 trillion token shuffle between two unknown wallets.

Dogecoin Killer Shiba Inu Burn Rate Rallies 18% Alongside 4.25 Trillion Shuffle In Whale Activity

Pepe

A pseudonymous cryptocurrency analyst known as Kaleo compared the potential price movement of Pepe Coin (CRYPTO: PEPE) with Ethereum (CRYPTO: ETH). What Happened: Kaleo said on X, “The same way $BONK printed new ATHs vs $SOL when it broke out, I see $PEPE printing new ATHs vs $ETH as it starts to move.

'Dogecoin Killer' Shiba Inu To Go Head-To-Head With Ethereum, And Pepe Coin Will Reach 'New All-Time High', Predicts Crypto Analyst

A mysterious Shiba Inu (SHIB) whale is suddenly shifting trillions of SHIB as the leading memecoin grinds up this month. New data from the whale-surveying platform Whale Alert reveals that a deep-pocketed crypto investor abruptly moved 4,254,147,213,294 SHIB, worth about $46.

Mysterious Shiba Inu Whale Abruptly Moves 4,254,147,213,294 SHIB – Here's Where the Crypto's Going

Self-proclaimed ‘Dogecoin (CRYPTO: DOGE) killer' Shiba Inu's (CRYPTO: SHIB), burn rate spiked over 5000% within the past 24 hours. A total of 53 million SHIB tokens have been permanently withdrawn from circulation.

'Dogecoin Killer' Shiba Inu Burn Rate Spikes Over 5000%: Analyst Points To 'Massive Withdrawal' Of 8 Trillion SHIB From Crypto Exchange Wallets

Meme-based cryptocurrency Shiba Inu (CRYPTO: SHIB) has witnessed a massive withdrawal of 8 trillion tokens from exchanges since November. What Happened: The self-proclaimed ‘Dogecoin (CRYPTO: DOGE) Killer' has seen a major spike in whale activity, according to IntoTheBlock data.

'Dogecoin Killer' Shiba Inu Witnesses Record Withdrawal: 8 Trillion Tokens Exit Exchanges Since November

Solana

Bonk

dogwifhat

Meme coins are still popular—but new ones are constantly springing up.

This Week in Coins: Solana Surge, Bitcoin Boom, and Meme Coin Mania

Shiba Inu (SHIB) prices have continued to rise after falling above the 21-day simple moving average on December 18. Price analysis by Coinidol.com.

Shiba Inu's Uptrend Continues And Struggles With The $0.00001100 Barrier

Ethereum

Cryptocurrency analytics platform Santiment is naming three digital assets that it says possess long-term bullish prospects. Santiment says that Ethereum (ETH), Shiba Inu (SHIB) and the artificial intelligence-focused crypto project Fetch.ai (FET) are witnessing a reduction of the supply held on exchanges by their top 10 holders.

Ethereum, Shiba Inu and One Altcoin That's Exploded Over 250% in Two Months Flashing Bullish Signals: Santiment

Self-proclaimed ‘Dogecoin (CRYPTO: DOGE) Killer‘ Shiba Inu (CRYPTO: SHIB) experienced a boost in its burn rate, with over 8.53 billion SHIB removed from circulation — a surge of over 161,500% in just 24 hours.

'Dogecoin Killer' Burning Spree Skyrockets 161,500% — 8B SHIB Permanently Removed From Circulation In Single Day

Shiba Inu (CRYPTO: SHIB), a self-proclaimed ‘Dogecoin (CRYPTO: DOGE) Killer', saw a significant boost in its burn rate, which rose by over 28,350% in the last 24 hours. What Happened: According to data from Shiba Inu burn tracker Shibburn, more than 6.3 million SHIB tokens were transferred to a dead wallet.

'Dogecoin Killer' Shiba Inu Burn Rate Skyrockets 28,000% As 6M SHIB Sent To Dead Wallet

Shiba Inu (CRYPTO: SHIB) was crawling up about 2.8% during Wednesday's 24-hour trading period after announcing a collaboration with the domain firm D3 Global to pursue the acquisition of the .shib top-level domain on Tuesday. Shiba Inu's aim is to merge the conventional domain name system (DNS) with the rapidly growing Web3 sector, providing enhanced interoperability and digital identity capabilities within the Shiba Inu ecosystem.

Shiba Inu Consolidates Weekend Volatility, Looks To Set New Pattern: A Technical Analysis

Tron founder Justin Sun withdrew 577 billion Shiba Inu (CRYPTO: SHIB) tokens from Binance amid the token's rally last week. What Happened: PeckshieldAlert, a platform offering real-time blockchain data, revealed the first transaction was of 500 billion Shiba Inu tokens worth $5.2 million from Binance.

Shiba Inu Roars With 8% Weekly Gains, Justin Sun Withdraws 577B SHIB Tokens From Binance In Two Days

The SHIB team is partnering with domain company D3 to lobby for approval of the first-ever crypto top-level-domain.

Shiba Inu Team Seeks to Launch SHIB Domains for Websites and Email

In a notable move for the Web3 space, Shiba Inu (CRYPTO: SHIB), known for its Shiba Inu ecosystem, has announced a partnership with domain company D3 Global in a bid to secure the .shib top-level domain. What Happened: The partnership marks Shiba Inu as one of the first decentralized ecosystems to join forces with D3 in pursuing a dedicated top-level domain through the Internet Corporation for Assigned Names and Numbers.

Shiba Inu Makes History: First Decentralized Ecosystem To Secure .shib Top-Level Domain, Revolutionizing Web3

The team is working with Web3 domains player D3 to apply for and win the “.shib” internet domain as part of a broader push toward a decentralized identity project.

Shiba Inu Could Soon Offer SHIB Holders a '.shib' Internet Domain

Pseudonymous Shiba Inu (SHIB) lead developer Shytoshi Kusama is proposing a strategy to onboard more people into the dog-inspired crypto asset as billions of the memecoin's tokens are burned. In a series of tweets on social media platform X, Shytoshi Kusama lays out a plan to spur the perpetual global adoption of Shiba Inu.

Lead Shiba Inu Developer Teases New ‘Partnershib,' Outlines Plan for SHIB To Be Adopted Worldwide Perpetually

Shiba Inu's (CRYPTO: SHIB) burn rate spiked by over 727,000% in the last 24 hours, with a total of 8.6 billion SHIB tokens burned in six transactions. What Happened: The Shiba Inu team performed the second major burn on Shibarium.

Shiba Inu Burns 8.6B Tokens Over The Weekend, Lead Developer Hints At More SHIB Burns To Come For Global Adoption

Prominent cryptocurrency analyst Ali Martinez foresees a major bullish breakout on the horizon for the self-proclaimed “Dogecoin (CRYPTO: DOGE) killer” Shiba Inu token (CRYPTO: SHIB), but he also pointed out what will happen in case it “faces rejection.” What Happened: On Friday, Martinez, a well-regarded crypto analyst, took to X (formerly Twitter) and said from September 2022 onwards, Shiba Inu has been transacting within a downward parallel channel.

News for Shiba Inu Crypto (SHIB)